Common use of RESERVATION AND AUTHORIZATION OF COMMON STOCK Clause in Contracts

RESERVATION AND AUTHORIZATION OF COMMON STOCK. The Company shall at all times reserve a sufficient number of shares of common stock for issuance upon exercise of this Warrant, which stock, upon issuance in accordance with the terms of this Warrant, will be duly authorized, validly issued, fully paid and non-assessable.

Appears in 6 contracts

Sources: Warrant Agreement (Teraglobal Communications Corp), Warrant Agreement (Teraglobal Communications Corp), Warrant Agreement (Teraglobal Communications Corp)

RESERVATION AND AUTHORIZATION OF COMMON STOCK. The Company shall at all times reserve a sufficient number of shares of common stock for issuance isuance upon exercise of this Warrant, which stock, upon issuance in accordance with the terms of this Warrant, will be duly authorized, validly issued, fully paid and non-assessable.

Appears in 1 contract

Sources: Warrant Agreement (Teraglobal Communications Corp)